One thing is clear: without the acquisition of Dargues, the SP would clearly be higher. The 200 million could easily have been invested in the further development of Federation or Great Cobar - which would have been more profitable in my view. Maybe Kairos will be delayed further, but the good thing is that it won't just disappear. So sooner or later they will get the gold out of the ground. So far Dargues seems to be a shot in the dark. So either we are wrong and there will be a big and positive surprise there or Dargues will languish and part of the 200 million will be lost. I think the market sees it the same way.
It is a pity that such a good starting position could not have been better exploited. However, I hope that I am completely wrong and that Aurelia surprises us in the next 12 months with much better figures than expected by the market.
AMI Price at posting:
41.0¢ Sentiment: Hold Disclosure: Held
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